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that it's a hard job every day of the week. >> defense secretary chuck hagel and joint chiefs of staff's general martin dempsey testified before the senate armed services committee on the defense department 2014 budget request. the pentagon budget request includes almost $527 billion in discretionary spending nearly 1% decrease from 2013. this is three hours and 45 minutes. >> good morning everybody. chuck hagel, general martin dempsey the chairman of the joint chiefs of staff, accompanied by the department's comptroller undersecretary bob hailed for her hearing on department of defense fiscal year 2014 budget request and the posture of the u.s. armed forces we welcome secretary hagel on his first appearance as secretary of defense before this committee. we thank all of our witnesses for their service to our nation and to the soldiers sailors airmen and marines at home and in harm's way. we could never say that enough. your testimony today is a key component of the committees review of the fy2014 budget request for the department of defense. this year's request includes $526.6 billion
additional missile defense systems were needed to be deployed for the protection of the united states, whether domestically or abroad, would the russian government be consulted or informed before that decision was made? >> well, first, i can't answer for the president. that would be a decision for the president to make. i suspect have to reinvolve around treaty obligations, and we have before with other issues might be. >> in mah, the government requested meetings to take ac regularly to discuss the european missile shield. any talks to take play, and if there are plans for such talks, do they include any nato allies as part of the discussions? >> again, senator, i don't know about those talks that would be in purview of the secretary of state in the white house. i have not been consulted on any talks or possibility of what you're talking about. >> okay. you're not certain of whether there have been talks, but to your knowledge, there have not? n't know of any conversations of what you suggested on talks. >> i see time expired, thank you very much, and thank you, mr. chairman. >> than
in this race and our thoughts are with all of them today. the department of defense is prepared to respond quickly to any response for additional support from domestic law enforcement agencies. i will continue to consult closely with d.o.d. senior leaders on how we can best support the government's response and investigation. and chairman dempsey may have additional comments regarding this event as well. mr. chairman, i will now turn to my opening statement for this hearing. this year's 2014 budget request for the department of defense is -- as congressman lowey noted, a budget that was put together over many months. an enterprise as large as the department of defense, $600 billion is not collaborated with or on or numbers or budgets instructed in a manner of two or three months. and as we proceed in this hearing this morning, mr. chairman, we will get into some of the specifics of the budget and why some of the decisions were made on the basis of what the numbers will reveal and our responsibilities. allow me to express my appreciation to this subcommittee for its continued support of our
of missil defense approach that i just identified one as the amount and the phased adaptive approach and alaska both pieces do you approve both parts? >> i do. >> on the brac issue, as i understanding your testimony and your budget, mr. secretary, there is a short-term cost that there was an additional brac improvements, but that cost is not in the 2014 budget request. you put it in the 2015 budgeta >> the money is in 2016, it is $2.4 million of additional funds. previous rounds you testified saved, i believe, $12 billion annually. was that the savings that you say exist from the created from the last ground? from all the previous rounds. if you would like more detail maybe you could bring it out. i think you on the 75th barack you might remember you were in the the senate at the time in 2005. you might remember that i kind of lead the opposition of that round unsuccessfully. my senior senator was on the other side. yorm how you voted on that. we'll get in to that. >> by support. >> okay. okay. >> yeah i came with the first it was bringing down our infrastructure to an artificially l
no longer necessary for national defense. so, that strategic entrance to this harbor was the last land that our troops and sailors and marines and soldiers would see if they departed for the pacific theater in world war ii and korea and vietnam, and also the first thing they would see upon returning back to the bay area. so, between the presidio and the head lands, we now have wonderful park lands that have been converted. we call it converting from post to park. repurposing those lands from national defense to environmental defense. and i believe it is probably the most accessful base conversion in the united states. if you haven't been to the presidio, i think you should try and make that. if you're from out of town, it's a spectacular transition there. so, these golden gate national parks that i happen to be the superintendent of has now become after 40 years the second most visited national park in our country. we get 14 million people a year that come to our parks. it has spectacular coastline, includes muir wood, alcatraz, we get to tell the stories, stories about essentially wha
, but they still don't know who carried out the deadly bombings. >>> japan's self-defense force pilots scrambled a record number of times during the past year against chinese planes. the increase coincided with growing tensions over territory. >>> and our feature interview with aung san suu kyi. the myanmar opposition leader speaks about her willingness to cooperate with the military in her chances of one day becoming president. >>> welcome back to nhk world "newsline." investigators in the u.s. have been studying fragments found at the boston marathon bombings. twin explosions near the finish line on monday killed three people and wounded more than 170 others. police say whoever carried out the attack could have followed bomb making instructions on the internet. investigators recovered a mad piece of metal that's thought to have been part of a pressure cooker. they also retrieved a nail that's about one centimeter long. doctors say they have found what appears to be nails inside the victims. the investigators discovered a u.s.-made battery attached to two wires and a small circuit board. they'v
of defense, we talk about the post office and prepayments being made. there is one truism on both, o s the taxpayer is ultimately on the hook. yes. so it is not an issue is this just a quasi-government organization, both dod and you need prepayments. we're ultimately on the hook the taxpayer is. what concerns me in a time, admitted, mr. chairman your low liquidity. you're not really sure you can get down as low as two days later this year, at a time in which the discussions have been made and i have read about the board of governors and your role. you do believe you have a fiduciary duty in your role to the postal service and in your role, correct? >> mr. chairman, representative, yes. >> that means there's a trust. there's a trust with you and the board of governors not just strictly you but i believe with the postmaster general and others in this situation. what i keep hearing is, well we thought of and we're looking at that. we have a five-year plan that was many years ago. we have discussions that we want to do. we're exploring ideas. these are direct quotes from today, exploring h
know, when barack obama first came into office, we gave away a lot of missile defense scheduled to go into europe because we wanted to please the russians. we wanted to hit the reset button and look where that's gotten it. it's gotten us nothing except we've delayed protections for ourselves and our allies. we have to do what's best for our defense and our allies' defense and do what ronald rean said. we should have peace through strength, not peace through weakness. peace through strength. lou: the north koreans have at least two missiles for launch, estimated to be, by all counts, and of course, yu're far better briefed on this than the people but by all accounts a range of at least 00 miles. how concerned are you that they will, indeed, be launched and what should be the u.s. response? >> well, fortunately, we do have some good theater missile defenses in place today, missile destroyers that we already had and we beefed that up. japanese had some with our help and they're deploying that and we have some inter continental ballistic missile interceptors, lou, in both california and a
move to drop their nuclear program. members of north korea's national defense commission said the proposal was unacceptable. they called on the security counsel to retract economic penalties imposed after the country's latest missile launch and nuclear tests and demanded that u.s. and south korean commanders suspend military exercises currently under way in the south. the commission members also said the military forces and the people of north korea are closely watching what steps the u.s. and its followers will take. the remark suggests that there is still room for dialogue with the u.s. and south korea. >>> south korea's foreign minister is playing go between in an effort to keep an annual summit with japan and china on the calendar. yun byung-se in seoul says he will also raise the north korea issue. officials have been preparing to host the summit in late may. a diplomatic source saying young is expected to meet the other foreign ministers. the source says yung will try to convince the two ministers to proceed with the talks as planned. they believe it's too early to hold
of the defense intelligence agency spa capano current thfureat to the national securi. along with the national security agency, the national geospatial intelligence agency and the national reconnaissanceoffice and thinteencen etservices erts of the department of de that are also elements of the intelligence communy thatth direct clapper hits. director clapper while much of the information that you provide to policy makers in putting members of congress cannot be shared with the public because of its sensitivity and classification. the people who elected us to serve deserve the best information that we can publicly provide them. so we are glad that you and the general are with us this morning to do just that. among the challenges that we face is a self-inflicted wound, one with the fact that director clapper has rightly said amplify the other threats that we come from around the world that challenges the and prioritized cuts required by sequestration. this committee is interested in hearing from both of you today about the impact of the fy 2013 sequestration and the impact it's having on the in
korea and a conversation with michele flournoy a former senior defense department official about where the crisis in north korea stands. >> my worry is on the north korean side you have kim jung-un who is a very young inexperienced leader, the question is will he know when to stop? his father, hi grandfather knew up to... how to walk up to the line but stop short of war. the question is will he know how to do this or will he miscalculate because if he goes up the escalation ladder because of the geography, because of the tens of thousands of artillery aimed at seoul, the first hour of a full-out conflict would be very deadly for both sides. you would be very quickly into a full-scale war. that's the real concern. 's miscalcation. >> crliewe conclude this evening with a look at the results of the venezuelan election with who hey cast need a, greg grandin and nikolas kozloff. >> i think his charisma was off the charts. that's not a bad thing. i think in terms of the 20th century of last inamerican history, the 21st century maybe juan per own maybe a few leaders here and there but i think
challenges of the defense budget because this program is in some way singular some way singular in terms of its cost overrides, its delays and the way it's been structured to as i write in the peace it's most effective defense of attribute may not be all of its radars and sensors and missiles and stealth technology and ability to fly it synthesized speech. it might well be the way it was designed to avoid budget cutters in washington. >> now a hearing on the justice department's 2014 budget request. attorney general eric holder testified before how supra-patient subcommittee for a little more than two hours. be attorney general holder we welcome you to the committee and thank you for appearing. i'm going to hold my questions until the very end because members have to catch planes and go out of town but i will have an opening statement to cover questions and concerns that i have. let me address the bombing attack at the boston marathon on monday. we know the fbi and the joint terrorist task force batf and its forensic specialists in all the federal state and local authorities are working
media since two weeks ago. south korea's defense minister said officials are still on high alert. >> translator: north korea is ready to launch a missile at any time. >> the minister says authorities are preparing for various kind of attacks from the north. military and police officers held a drill in seoul, rehearsed how to deal with a bomb attack on a subway station. north korea's leaders have made repeated threats targeting people in other nations. in spite of repeated calls for restraint. officials in pyongyang escalated tensions after u.n. security council members repeated sanctions. they were responding to the third nuclear test. the country's military leaders have issued a series of warnings they are ready to attack. they've threatened to strike targets in the united states, south korea and japan. south korean government officials suspect north korean agents were behind a series of cyber attacks last month. they affected more than 50,000 computers at tv stations and major banks. officials believe the attacks were the work of north korea's reconnaissance general bureau whic
. self-defense force pilots took to the air more than 300 times in the past year to respond to chinese activity, surpassing the number for russian planes for the first time. defense ministry officials say pilots made emergency take-offs against foreign aircraft approaching japanese air space 567 times from april 2012 to the end of march of this year. that's a 20-year high. the number of scrambles against chinese planes almost doubled from the previous fiscal year. they increased sharply after last september following the japanese government's move to nationalize the senkaku islands. a chinese government plane flew close to the islands last year, the first intrusion into japanese airspace since the sdf began keeping records. >> translator: at this point, i don't think china would make approaches that would turn into military conflicts with japan. >> but a former air self-defense force commander also says if japan softens its stance on territorial protection, china could become increasingly active. >>> south korean president park says enough is enough. she says it's time to stop the prac
korea's defense is trying to better counter north korean threats. the military submitted the budget of about $200 million to parliament on thursday. tension on the korean peninsula remains high. it will boost spending on weapons and shelters for border islands, including yeonpyeong . the budget will also be spent on k-9 self-propelled howitzers and equipment to counter against bioweapons. on wednesday it was announced that additional funds to deploy u.s. helicopters from the north. >>> leaders have gathered around the table in washington. they are talking about the state of global finance. what do japanese representatives bring to the table? >> they are expected to be defending the country's monetary easing measures. they'll discuss credit easing taking place in industrialized countries. he's set to explain the boj's bold monetary easing policy. the goal is to pull the jap need out of deflation. >> translator: firstly, i'll explain about the current status of japan's economy to the delegates. i'll talk about the monetary easing measures we are taking which are meant to achieve the 2
of defense is currently spending $10 billion more conducting the war effort in afghanistan this year than was estimated would be necessary. from what we understand, in order to make up for this estimation the department of defense will have to pull from other funds from its base budget, which is difficult because of sequestration and the other long-term spending limits imposed by the budget control act of 2011. the problems with trying to budget and plan for a war a year in advance and how unforeseen costs can arise. at the same time a $10 billion is copulation is a little alarming. -- miss calculation is a little bit alarming. general, can you explain to us how that underestimation occurred? that we insidere u.s. forces in afghanistan under estimated $10 billion for our requirements for this year. i can assure you we have gone back and look at every dollar we have spent to make sure we have spent to good effect. we have significantly reduced the money we are spending in afghanistan. i will go back and take a look at where the projection came from and why we are in the position we are in
back. he replaced his defense minister . more importantly, he chade changed the rules of engagement. previously the rules of engagement on those islands, the disputed islands, the disputed area, was that for every round of incoming north koreaian al artillery, south korea was able to respond with one caliber lower. so he was out in calibrating, was that a 52 or 54 category? implet ng yong bok did away with that. he also said he ordered south koreaian fighter bombers to spond respond but was told by his military personnel he was not allowed to do that. instead, he would need permission from the united states. if you tuck to u.s. officials, they will say that is not the case. but at least that was the perception. and i talked to south korean intelligence and they said that was there perception that they were not allowed to use those weapons without u.s. permission. that has also been removed. the u.s. visited in 2010 and made a public statement, it is their planes. they can do with it as they see fit. and then privately there has been a change in perception. so even under his rule,
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into equities. it's very interesting. look at the 1,000 and 2,000, large and small cap space, but also defensive versus dynamic, the rally we've seen has been very strong. it's had this very defensive tam boar tambor. it's like this sub tub city -- city constitution effect. global economics, look at the u.s. first. name by name basis. emerging markets. i would think global bonds. longer term investors, commodities from a valuations perspective look attractive. >> commodities? gold? >> not necessarily gold. >> oil? >> dr. copper. the valuations are beginning to pull in a little bit if you've got three to five years which maybe a lot f of people don't have. if you're a longer investor like your clients. just rebalance into that. take a multiasset approach. >> greg, i don't know if you asked those investors who are risk averse that you had in your survey, but where are they putting their money if they're not in the stock market? they're getting nothing from fixed income right now. >> yet they're content with that, it seems. it's cash. it's bonds. this is what concerns me, bill. this is going to req
a strong defense force is part of china's modernization. the paper refers indirectly to the united states. it says the country has strengthenned it's asia-pacific military alliances and they have expanded in the region and makes the situation tenser. the report first directly to japan regarding the sankaku islands. china and taiwan claim them. the white paper also gives details on military event. it says they carried out exercises in the pacific about ten times since 2007. >> the chinese military must protect our country's sovereignty and marine interests. >> for the first time they revealed a defense person break down. china says they have 2.3 million troops. but it didn't list the number of strategic missile units or armed police. >> no issue of territorial sovereignty exists over the sankaku islands. china's comments and claims are unacceptable. >> he added that the government will protect japan's water, land, and air space. >>> executives of japanese telecom giant softbank said they will go ahead and complete the buyout of the third largest u.s. telecom operator sprint nextel on july
to the japan and taiwan. the chinese navy entered the region on tuesday night to conduct open sea defense and offense training. wednesday's patrol was the third such tour carried out by the chinese navy since the islands were recently purchased by the japanese government, igniting the ongoing tensions. withatrol also coincided the annual live fire drills by taiwan's military of islands facing china. the taiwanese president said that the island must strengthen its defense forces if it is to maintain stability with china. >> in recent years, due to china opposed yearsboom, it has built its military and arms, bus facing such a threat, we must build our army in order to maintain peace across the strait. >> the drill is the largest annual exercise in taiwan. it simulates a response to a landing by chinese troops. landing missiles hit dummy targets at sea and soldiers pirate at a simulated chinese enemy, baring their attempted advance. china has considered taiwan a rogue state ever since it split from the mainland in 1949. relations between the two are at their best in years. perhaps something
or if you do have a portfolio manager, look to manage it defensively. by that, either have a ladder portfolio so you can reinvest as rates go up, or, have a short duration where you have -- >> okay. >> set et et cetera to keep your maturity short. >> i want to squeeze in a tax question. we hear that the obama administration may want to put a cap on the tax exemption. is that another reason to clean up your portfolio now rather than wait? >> well, i don't know that it's another reason to clean up your portfolio, but it's certainly something to keep on the radar screen. you know, obviously, with everything that's going on in washington, everything is on the table. and with each one that comes out, there's a proposal that there would be a 28% cap on deductions so no one would be lower than the 28% tax bracket. that means you couldn't have all tax-free income that would put you in no tax bracket. in essence, that would be a tax on municipal bonds. mayors and governors are fighting this very, very aggressively. and each time they seem to get it out of the budget proposal and then a new b
heard in my entire 64 years. what is this nonsense that they are spreading? >> the u.s. defense secretary has reiterated the u.s. .ommitment to israel's security jon kay geomet israel's prime minister on tuesday. they have been discussing the terms terms of a multibillion- dollar arms deals. -- chuck hagel visited the prime minister on tuesday. >> israel appreciates deeply the support, the military and security support, that it enjoys from the united states. it reflects a very deep alliance between our two countries in the defense of our common interests and values. nowhere are these values and interests challenged more than by the arming of the terrorist groups by iran with sophisticated weapons. equally, iran los attempt to arm itself with nuclear weapons. >> a palestinian prisoner has agreed to in his hunger strike in exchange for an early release. samer issawi has been refusing food for the past eight months. the strike has led to weeks of protest against israel detention policies. he was due to remain and prison until 2029 but will now be released this year. for more on thi
're no exception. so i think when you look at the sector, it's a more defensive space than you might think. and in our case, we're a total return story. we are pay agonize dividend with this offering. we feel good about the offering that we have. >> it is very unusual that you said you're going to be offering investors a dividend. very rare for a new public company to do that. why did you decide to offer a dividend? >> it speaks of the strength of the company. we generate a lot of free cash flow. we're looking at a total return for our investors. a dividend is a big part of that. that's a solid part we can offer. >> do you think that's going bring more investors to buy into the stock? >> people are look for yield these days, for sure. and that's certainly an advantage. >> and the seaworld ipo by the way is one of the five biggest offers in the u.s. this year. >>> still to come on the program, the housing mke sis of. and with the nation's home builder schedule due to report their earnings next week, we take a look at the one company you should watch. but first, here is a look at how interna
array to include a sophisticated air defense capability, depending who is operating in. a no-fly zone would not be without cost. >> even though the best testified he could with cruise missiles and within the patriot missiles in the right place is that we could establish a no-fly zone. >> patriot missiles i'm getting out of my league. that is essentially a point weapon. the theory is you could position patriot missiles outside of syria and somehow provide security outside the zone, given the nature of the pastry about then, which is not an area of a project or would be tough. >> and what's fascinating is now you are saying instead of the joint chiefs of staff that it has deteriorated so much that you now have questions whether we should supply weapto rebels are not, which the argues we shod have supplied them back ommended coing to published reports well heta o state, as well as the chairman of the joint chiefs f staff. it's remarkable. see you in the administration figure and say we don't know where the weapons are going. maybe if we help the people of writing from the beginning befor
defense ministry has reacted to this, maintaining the line that any military provocation would not be just. it would be illegal and there would be a thorough and sterner response from the south korean military from any such action. if you read the last line of the statement from the supreme commander, there is perhaps some light in terms of talks. the south koreans have said no fault -- so far as north korea has rejected the request for talks. they said if they truly want dialogue and negotiations, they should apologize for all hostile acts. potentially maybe in a few day'' time we may see talks, particularly about the future of the apparently closed industrial complex were 200 south korean workers remain. to go south korea says they will inject more than 15 billion into the economy. says it willorea inject more than 15 billion into the economy. the money will be used to create jobs, build the stagnant real estate market and cover a tax revenue shortfall. pakistan's former president will not be allowed to run for the national assembly in upcoming elections. he had been cleared to campaign
are innocent. >> the parents and neighbors were quick to come to their fat -- their defense. >> i feel sorry for what happened to my neighbor. i cannot believe it. these days, if you go to a mosque, you're labeled a terrorist. the school where they were in the junior class on religion. the questions from the teacher, what is this long? what does jihaddist mean? -- what is islam? they insist he learned nothing about radicalism and from his glasses. >> this is their upbringing. a sign of unity from the bloody campaign being brought here based on islamic law. intelligent passed on to the united states had already led to tamerlan being interviewed by the fbi. this is one video you posted on youtube. caspian sea shore on saturday, young brides were celebrating their weddings. family ties taking precedence over anything else here. the celebrations, the police were carrying automatic rifles. >> in israel, three major airlines have gone on strike. they are protesting against the open agreement with the european union. a bomb in northwest pakistan has it a military convoy killing four pakistani soldi
. is also a number of the defense policy advisory board. and so he goes over to iraq. he's the only member of this board that goes their indices it's a disaster. there's an insurgency mounted and nobody knows what to do about it. now, he comes back feeling really upset because, feeling pangs of guilt because he was advising this administration. he had advocated for this war. his son had recently joined the army and is going to be sent to iran. -- iraq tickets can be said to dismiss. that he sort of help create. so he thinks, well, he has to do something about this. so he sets up a similar in vermont and he goes through his rolodex answer is military journal but he invites everybody to be confined who has written anything remotely interesting about the subject of water. and he comes up with about 30. and they all assembled for five days to discuss these things. the pivotal think about this meeting is not so much what they discussed as that they met. most of these people didn't know each other before. they didn't know of one another's existence. they thought they were out on a limb, here, on
for self-defense and for hunting and for sportsman activities. target shooting. i still go target shooting basically out my backyard in searchlight with my grandchildren. but i've always had trouble understanding why people need assault weapons to hunt or protect their homes or to target shoot. when the assault weapons ban came before the senate for a vote ten years ago, i called my friends, one in particular, who is a real advocate with -- on guns. and he said to me, you can't define an assault weapon. why are you doing this? you can't define an assault weapon. he convinced me he was right, so i voted against that. i voted against the ban. just about a month ago i called this same friend. i asked if his opinion had changed. generally no, but specifically yes, it had changed. he still opposes a ban on assault weapons. i said tell me why. i found his new reasoning absurd. and even though i care a great deal about my friend, he's headed in the wrong direction. so it caused me to reassess my position. he said do police have assault weapons? i said, yeah, some of them. he said if they have the
suggested the united states would reduce our missile defense system in asia for exchange -- in exchange for chinese help with north korea. it seems to me even though we are being threatened by nuclear attack by the north korean government, first of all is that an accurate statement? if so, explain that if you would. >> no. not an accurate statement. i think it was corrected while i was over there. there was reporting to that effect. what i -- there was no offer, no deal, no contemplation of it. what i did say publicly and i'll say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not that same level of deployment is necessary. all i stated was a sort of fact based on the rationale of the deployment itself. >> do you think that the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time every year? >> no. >> all right. thank you for tho
, secretary of defense hague nel hagel in israel, suggesting a $10 million arms deal. also, something for everyone. hagel said this visit cairo, and riyadh and abu dhabi and united arab emirates with the fighter jets, we do not want to leave anyone out in middle east. >> this reveals about this obama administration is contrary to their public record, this is and hagel makes this argument this is a deterrents arm sales package in his view, against iran this is a concession this obama administration is not going to do anything ni military bircmilitaryabout the iranian nn program. >> santa clause is coming to town but dio john is right, we'e contain it. lou: overtime, secretary of state kery in istanbul, saying all of the entities all 6 nations involved in the talks will funnel their money through one rebel group in syria, right or wrong? >> a bad choice, bad idea to fund the rebel groups. >> there are houses of rebel groups, who are you going to fund, bad idea. lou: john thank you, and kt thank you. >> much more on the boston bombings flew out tonight's broadcast and what what early inv
i let you go, erin what do we know about legal defense? did he have legal representation in that hospital room? >> reporter: i have the transcript of the court hearing here there is controversy on friday and over the weekend about him not being mirandized. they went through it twice today and offered the use of an attorney and the one word he spoke was no when asked if he could afford an attorney and he was presented with defense attorneys today. >>> we want to bring you a look at the case against dzhokhar tsarnaev in the federal complaint against him. >> reporter: according to the complaint 2:38 on race day 11 minutes before the first explosion two men are seen walking toward the finish line carrying large knapsacks, tamerlan tsarnaev is in front and dzhokhar tsarnaev is a few feet behind. the two are seen a half block away from a restaurant camera. a minute later, bomber one, tamerlan walks out of the crowd with a knapsack on his back. at 2:45, alleged bomber two, dzhokhar walks to the finish line. he has a cell phone in his left hand. the affidavit says he stops near a
in the looks completely defensive if you look to the upside or the down side of the s&p. is that the trend of the week for the market's overall to go into the defense of utilities? >> absolutely. some may go way. we are up with the indices' over three and a half months people take off the table and enjoy the money over the summer. you don't want to be out but rotate and me very careful. cheryl: en one heck of a day for these markets and the triple digits swing. also looking at the s&p there are nine stocks falling to a brand new lows and nicole petallides is watching that from the floor of the new york stock exchange. >> we have seen broadbased selling but economically sensitive sectors are doing the work with energy and financial and technology and some names hitting new 52 week lows with peabody energy and report back iran and going into the green with report mack ran. and going down below $400 the lowest levels we have seen since december of 2011 also newmont mining the best of the worst is what you need like health care or consumer staples that have concerns -- been able to hold on. th
an hour. we have subsequent meetings here, secretary of state john kerry, secretary of defense shuts hegel, director of intelligence james clapper and others at the white house. however senior administration officials stress that is for previously scheduled meeting of national security principals, so nothing really specifically to do, nor was unscheduled specifically because of the events in boston, that was earlier this morning. news from capitol hill according to bret baier of fox news saying officials briefed lawmakers on capitol hill telling them they really want to get this second suspect alive find out perhaps if there are any more people involved, find out whether they have any training overseas or if they were radicalized in the united states or overseas and that has final implications to this investigation when you consider taking him alive versus not so that is something they're working on. we got everything in boston where all eyes in washington are right now from governor deval patrick saying there are continuing developments, can't talk about them now but talk about them later
general, the director of national intelligence and the secretary of defense shall jointly establish and periodically review policies and procedures governing the receipt, retention, use and disclosure of nonpublicly available cyberthreat information shared with the federal government in accordance with section 1104b of the national security act of 1947 as added by section 3a of this act. such policies and procedures shall, consistent with the need to protect systems and networks from cyberthreats and mitigate cyberthreats in a timely manner, one, minimize the impact on privacy and civil liberties, two, reasonably limit the receipt, retention, use and disclosure of cyberthreat information associated with specific persons that is not necessary to protect systems or networks from cyberthreats or mitigate cyberthreats in a timely manner. three, include requirements to safeguard nonpublicly available cyberthreat information that may be used to identify specific persons from unauthorized access or acquisition. four, protect the confidentiality of cyberthreat information associated with sp
that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
with the department of defense and others to address last year the department of treasury to qualify that as a hardship from the hamp program. you're racing another great exam how there can be a general consumer problem, the issue of tenants who are renting who can be affected by some of these problems that -- great example is when congress dealt with the fact that tenants can be ousted from their place they're living because the landlord is foreclosed upon even though the tenant may not know anything about that and they fine their belongings on the street. for the military, again, this particular instance has to do -- can do with change of station ordered or can do with, as you say, trying to improve your housing for lesser cost. so, if congress is going to lock that issue, we'd be happy to supply the experience that we have seen from around the country. that of, of course, a judgment for you all to make but it's another outstanding example how you can have general consumer issues ask then translate them into the military context but they are sharpened or aggravated the the situatio
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